Fixed Income

Offering Our Clients a Variety of Fixed Income Investment Strategies

Our program invests $26.0 billion in public and private market debt, and oversees our exposure to foreign currency – a key consideration as we expand our global investment reach. It includes money market and bond portfolios, as well as foreign exchange hedging and trading.

CANADIAN UNIVERSE BOND PERFORMANCE

Annualized returns for the periods ended March 31, 2017

FIXED INCOME PORTFOLIO ASSETS

As at March 31, 2017

1 The fixed income & foreign exchange department manages funds for all asset classes. This amounted to $1.8 billion in Money Market Funds and $1.7 billion in Floating Rate Funds, as of March 31, 2017.

Our Fixed Income Program

BCI offers our clients a diverse range of fixed income products, including global government bonds, corporate bonds, and high-yield debt. By co-investing with specialized external managers, we also provide exposure to private credit opportunities in Canada, the United States, and Europe. Our strategies include yield curve positioning, duration timing, and securities selection. Issuers within our pools are assessed and reviewed regularly for default and credit risk. Credit limits are set for approved issuers to mitigate risks. We use internally- and externally-produced credit ratings to assess the investment risk.